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(Globe Newswire) Vancouver – Rubicon Organics Inc., a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce that Jesse McConnell has been appointed to the company’s Board of Directors after receipt of security clearance from Health Canada. Mr. McConnell was elected to the Board by the shareholders at the Annual General Meeting on July 31, 2024, but his appointment to the Board was subject to being granted security clearance by Health Canada.
About Jesse McConnell
Jesse McConnell was the Co-Founder of Rubicon Organics in 2015 and served as its CEO from May 20, 2015, to December 31, 2022, Mr. McConnell is an entrepreneur, investor and cannabis expert who has worked in the premium cannabis industry in Canada and the US for over two decades. Previously, Mr. McConnell co-founded Whistler Medical Marijuana Corp., which was eventually acquired by Aurora Cannabis Inc. in 2019 for $175 million. Mr. McConnell holds a Bachelor of Arts, Economics (Honors) from Memorial University and a Master of Arts, Philosophy (Honors) from University of Victoria. He is also a member of the Northern Lights chapter of the Young Presidents’ Organization.
DSU Grant
The company has awarded a total of 140,459 Deferred Share Units (DSUs) under its Omnibus Equity Incentive Plan to a director as compensation for their upcoming service. These DSUs will vest after twelve months from the grant date and can only be redeemed if the holder ceases to be a director of the Company or in accordance with the provisions of the Omnibus Equity Incentive Plan.
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